WAKF DEVELOPMENTT CORPORATION

Formation of Wakf Development Corporation is on the card. A proposal in this regard may soon be submitted in the Cabinet of Union Ministers for consideration. The idea is to manage properly the assets worth billions of Rupees under the banners of different Wakfs that are spread over all the corners of the country. Alleged malfunctioning of different Wakf managements and misuse of their funds have lead to the conclusion that a central body in the form of Development Corporation be constituted so the huge available corpus may be used for the benefit of muslim masses.